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Evening Standard

Business

Anna Wise

BIZARRE: Monzo launches phone plan that gets cheaper each year - You Need To See This

Monzo Revolut Virgin Media O2 Vodafone

Monzo customers will have a 10- to 60-second window, allowing them to cancel a bank transfer if they have made an error (Illia Uriadnikov /Alamy/PA) -

Digital bank Monzo is muscling into the mobile market by launching a phone plan that gets cheaper the longer a customer stays.

Customers of the bank can join a waiting list for the mobile service that is built on the Virgin Media O2 network and will be rolled out in the summer.

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